Compare Your
Financing Options
Find out how much your property improvement project may cost with our cost calculator. After calculating your estimated costs, explore the various financing options available to you and how they stack up when compared to Florida PACE.
Florida PACE vs. Other Funding Options
Home improvements are expensive. That’s why it’s imperative you take your time to compare the options before entering into a long-term funding plan. You deserve to go into your home improvement project feeling confident that you’ve made an informed decision, not like you rushed into a financial mistake.
We’ll help you understand your funding options so you can feel at ease about the agreement terms you’re entering into. Compare Florida PACE to the other available funding options like a HELOC, credit cards and cash before you make a final decision on how you’ll fund your home improvement project.
FLORIDA PACE
$0 Down
$999,99 Over 15 Years
Collected as an ANNUAL payment on your property tax bill.
- No down payment required to get your project started
- Together, we come to an agreed-upon payment term
(usually the useful life of the improvements) - No minimum credit score required to qualify
- No adjustments to interest rates and no balloon payments
- PACE funding plans should be paid in full before selling or refinancing your home (sometimes plans can be transferred upon sale)
- Your repayment plan will be added to your ANNUAL property tax bill
This calculator provides an estimate based on the home improvement project you selected. Payment amounts are subject to change.
CREDIT
While a credit card allows you to charge the total cost of your home improvement at once with no down payment, you’ll be compounding interest that can end up equaling more than 50% of your originally financed amount, depending on your card’s interest rate. Learn more about credit card debt here.
HELOC
With a HELOC, you’re borrowing against the available equity in your home, while your home is used as collateral for the line of credit.
You’ll qualify for a HELOC if you have 15 – 20% equity in your home and have a good credit score of approximately 660 or higher.
While this is a good way to finance home improvements, it can be a lengthy process of up to 2 – 3 weeks or more.
CASH
Paying in cash is the ideal way to pay for your home improvement project. However, you may need a financing option, such as Florida PACE, to equip you with a plan to get your repair or replacement started.
With Florida PACE, you can finance a roof replacement, solar panels, an air conditioner repair/ replacement and more. We’ll help you make the best decision about how to finance home improvements, so you feel well-equipped with a payment plan that works for you.
Apply now to see if your project qualifies — it’s quick and easy!
Hear From Happy Homeowners
Frequently Asked Questions
What is a realistic budget for a home renovation in Florida?
Renovation budgets in Florida vary based on the project’s size and scope. For example, replacing a roof or upgrading to hurricane-impact windows typically ranges from $10,000 to $50,000 or more.
It’s essential to account for Florida-specific factors like hurricane code compliance and material costs. With Florida PACE, you can fund eligible improvements without a large upfront cost, making even significant renovations more manageable.
What is the rule of thumb for renovation costs?
A common rule of thumb is to budget 5% to 15% of your home’s value for a full-scale renovation. For specific upgrades like energy-efficient HVAC systems or storm-hardening features, the cost can vary.
The good news is that Florida PACE can cover up to 100% of the cost for eligible improvements, so you can move forward without dipping into your savings or using high-interest credit.
How do I calculate the cost of a renovation project in Florida?
Start by identifying the improvements and/or renovations you need and getting quotes from licensed contractors.
Then use our cost calculator to get a general idea of expected costs. If the project qualifies, you may be able to fund it through Florida PACE with fixed rates and no money down, giving you a clear, predictable path forward.
How much does it cost per square foot to remodel a home in Florida?
Home remodeling in Florida can range from $100 to $300 per square foot, depending on the materials used and whether structural changes are involved.
If you’re upgrading for energy efficiency or storm protection, those improvements may qualify for Florida PACE funding, which can ease the financial burden.
Is $50,000 enough to renovate a house in Florida?
In many cases, yes. With $50,000, Florida homeowners can often complete substantial improvements and renovations like replacing a roof, upgrading windows and doors or installing a new HVAC system.
These improvements can increase comfort, safety and efficiency — and many are eligible for PACE funding, helping your budget go further.
What home improvements are eligible for PACE funding in Florida?
Florida PACE funding covers a wide range of energy-efficient and storm-resistant upgrades, including roofs, HVAC systems, windows and doors, hurricane hardening, water heaters and even standby generators.
If your project makes your home more energy-efficient or better prepared for extreme weather, it may qualify.
How can Florida PACE help cover renovation costs?
Florida PACE allows homeowners to fund qualifying home improvements and renovations with no upfront payment and no credit check.
Instead of a traditional loan, PACE uses a voluntary property assessment repaid over time through your property tax bill. This gives you access to fixed-rate funding with clear terms so you can focus on keeping your home safe with less financial stress.
How do renovation costs differ between remodeling and rebuilding?
Rebuilding involves tearing down and starting from scratch, which is generally more expensive than remodeling. Remodeling updates existing structures and systems, like replacing a roof or upgrading insulation, which can be more cost-effective. Many remodeling improvements are eligible for PACE funding, helping homeowners make impactful changes without the cost of a full rebuild.
What is the smartest way to pay for home renovations in Florida?
The smartest approach depends on your financial situation and the type of renovation. For projects that improve energy efficiency or storm resilience, Florida PACE funding can be a strong option. It offers fixed-rate, long-term repayment with no money down and no credit check, giving Florida homeowners an alternative to credit cards, loans or dipping into savings.
How do I estimate if my renovation will add value to my home?
Consider the impact of the improvement on your home’s functionality, safety and appeal. Upgrades like new roofing, high-impact windows and energy-efficient systems often increase a home’s value and reduce insurance premiums.
Florida PACE focuses on these high-value improvements, helping you invest in projects that pay off in both comfort and long-term value.